The key to success in manufacturing is no longer ‘making’ but general ‘know-how’. So how should companies operate in this changed market, and what role does technology play? Cambashi’s Peter Thorne reports.
One of the key difficulties is forecasting. Like people throughout history, we recognise that the rate of change now is faster than ever before. As tools to communicate, drive, manage and assimilate change have improved, so the rate of change has increased to stay approximately at the constant limit that people can handle.
Advanced planning systems combined with internet-based daily conferences can at least ensure everyone in a supply network is working to the same demand plan.
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